Search Results for: forward guidance

The MPC will shortly publish its August inflation forecast, and its evaluation of the policy of ‘forward guidance’, commissioned back in March by the Treasury (an action I previously noted was tantamount to saying ‘how about looser monetary policy, folks?).  … Continue reading →

I am, and always have been, dubious about the usefulness of QE, and regret the process by which the Bank and the MPC decided to embark on it, and gave overly confident accounts of how it worked and its impact.  … Continue reading →

Recently Nationwide has complained to the Treasury that its ability to lend is being threatened by the Prudential Regulatory Authority’s insistence on it raising more equity capital.  Vince Cable took the unfathomable step of coining the phrase ‘capital Taliban’ to … Continue reading →

This post takes a look back at the Treasury’s review of the Monetary Policy Committee’s Remit, published in March.  This might seem like old news.  But it is soon to be highly topical, as one of the outcomes of the … Continue reading →